The Philippine Stock Exchange (PSE) and Nyse Technologies, the commercial technology division of Nyse Euronext, today jointly announced the successful migration of the PSE to Nyse Technologies' NSC V900 trading platform. The new innovative trading infrastructure will enhance PSE's product range, trading performance and volume capacity.
"In today's increasingly competitive exchange industry, cutting-edge and high performance technology is a key differentiator for continued volume growth and product innovation," said PSE President and Chief Executive Officer Val Antonio B. Suarez. "The migration of PSE to the NSC V900 trading system complements our business strategy to further increase liquidity in our capital markets and introduce new investment products."
With the launch of NSC V900 on July 26, 2010, the PSE is now able to handle larger trading volume and process trades 10 times faster than the previous system.
"The launch of the NSC V900 trading platform is a major milestone project for PSE," said Peter Tierney, Managing Director of NYSE Technologies in the Asian Region. "We were extremely pleased to be selected as the key technology partner on this project and, after 18 months of hard work on both sides, the immediate results are very encouraging."
With NYSE Technologies' NSC V900 trading platform, which replaces the legacy MakTrade System, investors trading on PSE markets will have direct access in the future to a wider range of cash, debt, and derivative instruments from one single platform that was not available previously. In addition to delivering exceptionally fast transaction speed and system-wide reliability, the NSC V900 trading platform will provide outstanding value to PSE customers and set new benchmarks in terms of scalability, capacity, ultra-low latency, new functionalities and resiliency.